Looking for information about your firm's panel status?
Suffolk Building Society Solicitor Panel Assistance:
What are the Suffolk Building Society conveyancing panel arrangements?
Unlike the CML the Building Society Mortgage Instructions deal with this. Section A.12 states ‘In order to act on our behalf your firm or company must be a member of our conveyancing panel provided we are a society that operates one – see specific requirements for details of our arrangements.
The Special Requirements state:
The Society operates a Conveyancing Panel and in order for Firms to act for the Society you must be appointed to this panel. To be appointed to the panel you should apply at:-
www.lms.com/lenderpanels
You must also comply with the terms and conditions of your Suffolk Building Society solicitor panel appointment.
Do Suffolk Building Society or the Building Society Association run training Courses for the Suffolk Building Society approved solicitor panel akin to the way that CQS do?
No such training is arranged by the BSA but they do organise a number of general conveyancing related conferences which are attended by firms on the Suffolk Building Society conveyancing panel. Lexsure intend to run specific lender focused seminars in the near future including a webinar on Suffolk Building Society’s obligations . Practitioners on the Suffolk Building Society conveyancing panel are welcome . Further details will be communicated as part of the LENDERmonitor change Notifications .
Are the BSA planning on creating a search tool with a view to list solicitors on the Suffolk Building Society conveyancing panel ?
We are not aware of any plans on the part of the BSA to develop such a search facility .
Does the fact that my firm receives LENDERmonitor Alerts help in my application to join the Suffolk Building Society solicitor panel?
The requirements to join the Suffolk Building Society conveyancing panel is likely to be fairly detailed and is unlikely to include signing up to LENDERmonitor alerts.
As the Compliance Officer for Legal Practice what do I need to consider in terms of disclosures to the SRA if my firm is removed off the Suffolk Building Society conveyancing panel?
The answer to this question really depends on the reason that your firm has been removed off the Suffolk Building Society conveyancing panel. The top 3 reasons are as follows:
- lack of transactions
- the lawyer is a sole practitioner
- as part of the HSBC panel reduction.
Are figures published regarding the Suffolk Building Society conveyancing panel size as well as the number of conveyancing firms removed from their panel each year?
With banks and conveyancing firms working so closely together it is surprising that there has not been greater demand for the introduction of a bit of transparency regarding not just the figures for the Suffolk Building Society conveyancing panel but for all mortgage panel listings
What lender panels do you receive the most questions about?
BSA lenders do not come within the top 20 lenders in terms of
frequency of questions. The most popular lender panels in terms of
questions are as follows:
Find a Lawyer on the Suffolk Building Society Conveyancing Panel
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Average number of days to register title including a charge in favour of Suffolk Building Society
This information relates to purchase only and not remortgages.
Year | Days* |
---|---|
2025 | [no data] |
2024 | [no data] |
2023 | [no data] |
2022 | [no data] |
2021 | [no data] |
2020 | [no data] |
* Data aggregated from sources including COMPLETIONmonitor
Other related topics:
- CQS policy templates and procedures for accredited Suffolk Building Society Firms
- Draft Report on Title precedent for Suffolk Building Society borrowers
- Draft Anti Money Laundering PolicyTemplate for Suffolk Building Society panel firms to consider
- Dealing with Lender Policy Template panel for CQS accredited firms on the Suffolk Building Society lender panel
- Buy-to-Let help for Suffolk Building Society
- Consent-to-Let help for Suffolk Building Society
- Contractor Mortgages with Suffolk Building Society